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Home My WebLink About1400 The Mortgagor hereby covenants wiW the Mortgageiy that he is iadetesai~,~j ssrsed of.~aid Lnd~in fee ~mtple or such other estates rf any sa is stated heroin; that he has full power wd 4?rrtfd,right b,eoov lths same as aforesaid; that toe fwd u free from all encumbrances except ss heroin otherwise recited; that said~ortgagor will make such further sssurwoes b prove the aforoeaid title b said land in acid Mortgagee u may be reason- - ab required, and that said Mortgagoe does herby full wamat We title b said land, sad every part thereof, swill defend the same against the lawful claims of ~ persons whomsoever. , P~tovtasa Atwsirs that if the Mortgagor shall pay. pnto the Mortgages. that oectain Promissory. note,, o! which the following is a substantial opPJ, to wit: • = 73,000.00 Fort Pierce , Floeida. _ • July 23 ,1880.. . Foa Vwtvs I3scstvsa, the undersigned promise(s) to pay b THE LOMAS 6 NETTLETON COMPANY a oaporition Qrgaarsed and eaudrag under the Vws ~ The State of Connecticut, or order, the principal Brim of Seventy Three Thousand and no/ 100-----------------------------------Dollars 73,000.00 with interest fe~om date at ~ rate of Eleven and One-Half per centum (11.3oJo) per annum on the unpaid balwoe until paid. The said principal and interest shaU,be payable at tha office of The .Lomas ~ Nettleton Company, 230 George Street, New Haven. - • in Connecticut ' 06510 , or st such other plans as the hoder may designate in writing " delivered or mailed to the debtor, is monthly installments of-Seven Hundred Twenty Ttao 5 91/00 (i 722.91 commencing oa the first day of September , 19 80, and ooatinui~ on ~ first day of each month thereafter until this note is fully paid, except that, ii not eooner~paid, the final payment of principal and interest shall be due and payable on the first day of August , 2010 , Privilege is reserved. b preps at any time, without premium or fee. the entire indebtedness or any psi'! thereof not less than the amount of oae installmegt;.ornne hgndeed doll4rs (=100.00), whic6sser is lean Prspayinent In full . shall be crcdtted on the date received. Partial pnpaymept,.other than on an installment due date, need ant be credited until the next foUowins installment due date or thirty days after wch prepayment, whichever b earlkr. Ii say. deficiency in the pa t of any installment under this note is not made good prior b the due date of the ne:t such installment, the entate prmctpal sum s~nd accrued interest ahsU at once become due ind pa~- able without notice at the option of the holder of this note. Failure b eerciee this option shall not oonstttute a waiver of the right b ezerctse the same is the event of wy subsequent default. ' In the event of default in the payment of this note, end if the same is collected by an attorney at Iaw, the undersigned hereby agree(s) to . pay sU costs of collection, including ~ reasonable attorney's fee. This note is secured by mortgage of even date executed by the undersigned on certain property described - therein and represents money actually used for the acquisition of said property or the improvements thereon. . Presentment, protest, wd notice are heroby waived. /s/ Michael S. Bonville ~~L~ _ L . /s/ Roxie Bonville [~+W - ROIt'IE BONVILLE ~ r - - [mil And shall dul~r, Promptly, and fully perform, discharge, execute, effect, complete, sad comply with and abide liy each and every the stipulations, agreements, conditi and covenants of said promissory note and of this ~ mortgage, then this mortgage and the estate hereby created cease end be null sad void. The Mortgagor frirt6er covenants sa follows: 1. That he will pay the indebtedness, as hereinbeforo provided: Pri ra reserved b Prepay at wy time, without premium or fee, the Mire indebtedness or aqy part thereof not lesaan the amount of one installment, or one hundred dollars (;100.00), whichever is less. Prepayment in [all shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until fhe nett following installment due date or thirty days after such prepaymmrt, whichever is earlier. . 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with and in 1 addition to, the monthly payments under the terms of the note secured hereby, on the first day of eac~r month until t}re said note is fully paid, will pay to~the Mortgagee, as trustee, (under the terms of this trust as herein- after stated) the following awns: ' (a) A sum equal to the ground recta, it any, nert due, plus the premiums that will next become due sad payable on policies of fire sad other hasard insurance covering the mortgaged property Plus taxes and aseeasmenta next due on the mortgaged property (all as estimated by the Mortgagee an~ of which the Mortgagor is notified) less all soma already paid therefor divided by the number of months to before one month prior to the date when such ground rents,. premiums, taxes, sad assessments become delinquent, such sums to be held by Mortgageeintnisttopaysaidgroundreata,premiums,ta:es,wdspecialassesementa. (b) The aggrogate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shell be paid is a single payment each month, to be applied to the fdlowiag items in the order stated m ground rents, tares, asseasmeata, fire, sad other hasard insurance premiums; - (II) interest on the note secured heroby; and (IIn amortisation of the principal of said note. Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the Mort- gagor prior to the due date o[ the next such payment, constrtute an event of default under this mortgage. At IVlortgages's option, Mortggaaggoor will pay a "late charge" not exceeding four per certain (4~Jo) of any install- inert when paid more thw fifteen (15) days after the due date thereof to Dover the extra expense involved in handling delinquent paqme rte, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy -the rndebtedness secured hereby, unless such proceeds ere sufficient to discharge the entire indebtedness wd all proper costs and expenses secured thereby. 3. If the total of the payments made b,• the Mortgagor under (s) of par•ai!roplr 2 preceding shall exceed the amount of payments actunlh rinds b~• the Mortgagee, as trustee, for ground rents, taxes and assessments, and insurance premiwns, as the case maybe, such excess shall be credited on subsequent payments to be made by the Morigagog -for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and Pa able, then tl?e Mortgagor shall pay to file Mortgagee, as trustee, any amount necessary to make rep the def ciency. Such payment shall be ma~1e within thirty (:i0) days after written notice from the Mortgagee stating the amount of the deficiency, which notice may be given b .mail. ~If at wy time the Mortgagor shall ~ P,~~3~3